'Net Features : cyber crimehttp://www.websitemagazine.com/content/blogs/posts/archive/tags/cyber+crime/default.aspxTags: cyber crimeenCommunityServer 2008 SP2 (Build: 31104.93)Cyber Attacks on the Risehttp://www.websitemagazine.com/content/blogs/posts/archive/2015/05/07/cyber-attacks-on-the-rise.aspxThu, 07 May 2015 07:25:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:43369Allison Howen0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=43369http://www.websitemagazine.com/content/blogs/posts/archive/2015/05/07/cyber-attacks-on-the-rise.aspx#comments<hr />
<p><b>Cyber attacks on businesses are trending up according to the latest ThreatMetrix report.</b></p>
<p>The &ldquo;<a href="http://info.threatmetrix.com/WP-2015Q1CybercrimeReport_WP-LP.html" target="_blank">ThreatMetric CyberCrimer Report: Q1 2015</a>&rdquo; reveals that crimeware tools have gained traction and are providing fraudsters with tools to automate cybercrime attacks by using customer data made available from breaches. Because of this, ThreatMetrix says that it has seen more traffic that is cloaked.</p>
<p>ThreatMetrix analyzed more 6 than billion transactions in its Q1 report, with nearly one-third originating from mobile devices. According to the report&rsquo;s e-commerce data, new account creation rates were lower than other transaction types, but they had a two times higher instance of fraudulent transactions, which was driven by the availability of stolen identities. In fact, 1 percent of transactions in Q1 2015 were account creation, with 6.7 percent high risk. Conversely, 80 percent of transactions were account logins with 2 percent high risk, and 19 percent of transactions were payments with 2.6 percent high risk.</p>
<p>&ldquo;In the wake of recent data breaches, customers&rsquo; digital debris is floating in the cyber world for fraudsters to compromise, making accurate insight into digital identities of the utmost importance for businesses, especially in the e-commerce industry,&rdquo; said Vanita Pandey, senior director, strategy and product marketing at ThreatMetrix. &ldquo;ThreatMetrix data shows an upswing in account takeover and identity spoofing attacks following recent massive data breaches. While guest checkouts previously represented the highest risk, due to the breadth of digital debris at cybercriminals&rsquo; fingertips, fraudsters are much more likely to use a stolen username and password combination than to use compromised credit card information, which has a shorter life span. As the volume of e-commerce transactions increase, it gives cybercriminals more places to poke and exploit. Retailers need to leverage a digital identity network to get a comprehensive view of customers to accurately differentiate between trusted and fraudulent transactions.&rdquo;</p>
<p>In addition to e-commerce transactions, ThreatMetric examined financial services transactions and authentication attempts. The data shows that the impact of breaches and consumer credentials is more evident in the financial services industry. For instance, 1 percent of transactions in the financial services industry were account creation with 2 percent high risk. Moreover, 76 percent of transactions were account logins with 2.6 percent high risk, while 23 percent of transactions were payments with 3.2 percent high risk.</p>
<p>&ldquo;On the backs of major data breaches, we&rsquo;re seeing a trend in cybercriminals using more sophisticated, automated crimeware tools that are deliberately targeting first generation device identification and authentication solutions used by most financial institutions,&rdquo; said Pandey. &ldquo;Fraudsters are shifting from exploiting hardware and software to exploiting people &ndash; taking bits and pieces of their digital identities that have been compromised through breaches, and attempting to make transactions disguised as those individuals. As cybercriminals move to exploit financial institutions, those businesses need a more sophisticated view of their users. They need to look at their customers&rsquo; behaviors, devices and identities as a whole &ndash; the ultimate behavioral biometric.&rdquo;</p>
<p>Additional data from the report found the media industry continues to see the highest percentage of high-risk transactions. For instance, 22 percent of Q1 transactions in the media industry were account creation, with 3.8 percent high risk. &nbsp;Additionally, 26 percent of transactions were account logins with 6.2 percent high risk, and 52 percent of transactions were payments with 4 percent being high risk.</p>
<p>&ldquo;From a fraudster&rsquo;s perspective, social media is the gas station of the connected world,&rdquo; said Pandey. &ldquo;It provides a quick and easy way to assess the validity of a stolen credit card or credentials. The media industry has the highest incidence rate of high-risk transactions due to the low authentication threshold &ndash; often only consisting of a username and password combination. These identities are easily compromised, especially following a significant number of data breaches, as many people use the same login credentials across websites.&rdquo;</p>
<p>Lastly, the report sheds light on mobile, revealing that the growth of mobile has brought more attacks, with spoofing being the most prevalent. That said, the attack volumes are still lower than that of desktops.</p>
<p>&ldquo;While desktop fraud still dominates, as mobile usage continues to grow, especially in emerging markets, the channel will eventually see new, sophisticated criminals targeting mobile transactions,&rdquo; said Pandey. &ldquo;With businesses focused on lowering consumer friction on mobile, fraudsters are increasingly targeting mobile platforms and devices to spoof identities. Businesses need to be prepared for an uptick in spoofing attacks as mobile continues to grow.&rdquo;</p>
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<hr /><div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=43369" width="1" height="1">securitycyber crimethreatmetrixwm-softwareCybercrime Threatens the Holidayshttp://www.websitemagazine.com/content/blogs/posts/archive/2013/12/09/cyber-crime-threatens-the-holidays.aspxMon, 09 Dec 2013 14:15:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:29425Allison Howen3http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=29425http://www.websitemagazine.com/content/blogs/posts/archive/2013/12/09/cyber-crime-threatens-the-holidays.aspx#comments<hr />
<p><strong>Online purchases increase during the holiday season. Unfortunately, so does cybercrime.</strong></p>
<p>In fact, a new report reveals that the <a href="http://www.threatmetrix.com/" target="_blank">ThreatMetrix</a> Global Trust Intelligence Network screened one in four U.S. e-commerce transactions on Black Friday and Cyber Monday, including transactions for four of the top 10 online retailers.&nbsp;</p>
<p>&ldquo;ThreatMetrix enables e-tailers to tell the difference between who&rsquo;s been naughty or nice this holiday season without putting up roadblocks like two factor authentication,&rdquo; said Alisdair Faulkner, chief products officer, ThreatMetrix. &ldquo;The high volume of transactions ThreatMetrix screened and protected over the Thanksgiving weekend &ndash; and continues to protect throughout the holiday season and year-round &ndash; is evidence of our exponential growth in the past year. Following the launch of The Network earlier this year, ThreatMetrix has continued to grow its customer base in e-commerce and financial services in response to the tsunami of stolen identities and malware that have hit our cyber shores this year.&rdquo;</p>
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<p>By leveraging platforms like ThreatMetrix, merchants can fight back against digital threats like account takeover, payment fraud and identity spoofing. In fact, the ThreatMetrix Global Trust Intelligence Network helps retailers identify suspicious activity by providing real-time analytics that evaluate logins, payments, new account registrations and remote access attempts for validity.</p>
<p>That said, other data from The Network shed light on how mobile has impacted holiday shopping so far. Revealing that mobile devices accounted for 23 percent of total e-commerce transactions on Thanksgiving and Black Friday, but just 15.4 percent on Cyber Monday. The data found that 81.5 percent of the mobile transactions screened by ThreatMetrix came from an iPhone, while Android represented 18.1 percent of mobile transactions scanned. Although the increase in mobile purchases is welcomed news for retailers who have spent time and resources growing their presence in this evolving channel, it also means that the cyber crime risks associated with mobile devices are likely to grow too.</p>
<p>&ldquo;As iPhone and Android transactions continue to control the mobile market, cybercriminals will develop sophisticated strategies to target iOS and Android software for personal gain,&rdquo; said Faulkner. &ldquo;Common mobile fraud risks during the holiday season and throughout the year include use of VPN services for IP Address spoofing and using jailbroken devices to spoof mobile device fingerprints. Retailers accepting mobile transactions must have layered, preventative measures in place to differentiate between authentic and fraudulent transactions and protect against cybercrime.&rdquo;</p>
<p>ThreatMetrix also put together this infographic, &quot;Don&#39;t Let Cybercriminals Steal Your E-Commerce Sales&quot;.&nbsp;</p>
<p><a href="http://www.threatmetrix.com/resource-center/infographics/dont-let-cybercriminals-steal-your-e-commerce-sales/" target="_blank"><img style="vertical-align:middle;border:1px solid black;margin:5px;" src="http://www.websitemagazine.com/images/blog/ThreatMetrix-ECommerce.png" width="600" height="1675" alt="" /></a></p>
<div style="clear:both;"></div><img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=29425" width="1" height="1">cyber crimethreatmetrixwmfeaturewm-softwarewm-mobileholiday 2013WM Morning Wire: 10-24-08http://www.websitemagazine.com/content/blogs/posts/archive/2008/10/24/wm-morning-wire-10-24-08.aspxFri, 24 Oct 2008 13:26:00 GMT1e469e21-c924-44fa-a132-47b5d0a8ad47:6508Pete Prestipino0http://www.websitemagazine.com/content/blogs/posts/rsscomments.aspx?PostID=6508http://www.websitemagazine.com/content/blogs/posts/archive/2008/10/24/wm-morning-wire-10-24-08.aspx#commentsWelcome to Friday, October 24th, 2008! If you can managed to pull yourself from the edge as you watch your financial investments all but bottom out, below are a few press releases that caught our attention this morning that you too might find interesting....(<a href="http://www.websitemagazine.com/content/blogs/posts/archive/2008/10/24/wm-morning-wire-10-24-08.aspx">read more</a>)<img src="http://www.websitemagazine.com/content/aggbug.aspx?PostID=6508" width="1" height="1">cyber crimeyahoo! mobilecyberdefenderestdomainstripadvisor